RNS Number:0606U
BES Overseas Ld
13 November 2000


                            RATE FIX NOTICE:

Issue:              BES Overseas Ltd
                    $10,000,000 Series A Floating Rate Non-Cumulative           
                   Guaranteed Non-Voting Preference Shares
ISIN Code:          KYG106361010

Interest Rate:      8.70938%
3 Month USD LIBOR   6.75938%
Interest Period:    15th November 2000 to 15th February 2001
Days in Period:     92
Interest Payment
Date:               15th February 2001
Dividend per USD
25.00               USD 0.56



From:
Amanda Smith                    Linda Read
Corporate Trust Dept            Authorised Signatory, Corporate Trust Dept
The Bank of New York, London    The Bank of New York, London
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